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Coos Bay Properties Blog

Jan Delimont

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Displaying blog entries 1-10 of 157

WE HAVE 90,000 OFFICES TO HELP MARKET YOUR HOME

by Jan Delimont

When you think of RE/Max South Coast remember in RE/MAX, we have 90,000 offices to help market your home!  We introduced a new way of marketing!   We push RE/MAX as a worldwide company with a market and internet presence that is second to none not just a "local" company. We preach to our agents/customers/clients the importance of social marketing, blogging, links, internet, marketing in general, an extra bonus is that we have great outstanding people talking RE/MAX. Know as a buyer or seller that RE/MAX South Coast takes advantage of all the tools and every avenue RE/MAX has to offer. 

Market Action - Coos County - February 2014 Reporting Period

by Jan Delimont

 

Mortgage Rates Fall From Last Week

by Jan Delimont

Mortgage rates fell this week from last week as new housing data was revealed. The 30-year fixed-rate mortgage averaged approximately 4.23%, down 0.10% from the previous week. The 15-year fixed-rate mortgage averaged 3.33%, down from 3.4% that was reported last week. The vice president and chief economist at Freddie Mac, Frank Nothaft said, “mortgage rates fell further this week following the release of weaker housing data. The pending home sales index fell 8.7% in December to its lowest level since October 2011. Fixed residential investment negatively contributed to GDP in the fourth quarter for the first time since the third quarter of 2010.” Additionally, the 5-year and 1-year Treasury-indexed ARM also fell this week with an average 0.5 point. More here

FORECLOSURE SALES HIT THREE YEAR HIGH

by Jan Delimont

Foreclosure sales and short sales made up approximately 16.2% of residential sales in the United States last year, according to RealtyTrac’s 2013 U.S. Residential and Foreclosure Sales Report. That percentage is up 14.5% from 2012, and up 15.2% from what was reported in 2011. Foreclosure activity has been decreasing, falling to a seven-year low last year. Experts say that these sales are due to foreclosures during the recession that are just now getting off of the market. Daren Blomquist, RealtyTrac Vice President said, “it may surprise some to see distressed sales rising in 2013, given that new foreclosure activity dropped to a seven-year low, Why? Most of the increases in 2013 are recession-era foreclosures still in the system. Banks are repossessing more homes as higher prices are making it easier for them to sell, he says, but the recovery has strengthened most local markets enough to withstand blows from these nagging foreclosures.” More here

HOME BUYERS AND SELLERS MAY NOT WANT TO WAIT UNTIL SPRING

by Jan Delimont

 Foreclosures and Short Sales are Down in Coos County!

Listings are low, getting close to changing to a Seller's Market when we get to just 6 months of inventory.  It is a good time to list your home.  News in banking is indicating loan rates may go up this Spring.  If they do, just a half of one percentage point can reduce the dollar value of homes bought at the same payment to a lower bracket of priced homes.  Feel free to call me with any of your Real Estate questions:  541-290-1890. 

Labor Market Showing Signs of Growth

by Jan Delimont

American unemployment benefit claims increased marginally last week, but experts say that the labor market is continuing to improve. According to the Labor Department, initial state claims slightly increased to a seasonally adjusted rate of 326,000. The claims report covered the January payroll period excluding farm payroll, and found that claims decreased 12,250 between the months of December and January. Experts say this data suggests job creation and growth will accelerate throughout the remainder of the month. More here

Foreclosure Rates Fall To Six Year Low

by Jan Delimont


by Coos Bay Properties
.

According to RealtyTrac, foreclosures in the U.S. last year fell 26% from 2012. 2013 saw the lowest level of foreclosures in six years. The total number of foreclosures, scheduled auctions, notices of default and bank repossessions fell to 1.36 million last year, helping the national foreclosure rate decrease to approximately 1.04%. The vice president at RealtyTrac, Daren Blomquist said, “millions of homeowners are still living in the shadow of the massive foreclosure crisis, but the shadow cast by the foreclosure crisis is shrinking as fewer distressed properties enter foreclosure and properties already in foreclosure are poised to exit in greater numbers in 2014.” More here

Mortgage Rates Remain Steady

by Jan Delimont


by Coos Bay Properties
 

New data from Freddie Mac states that mortgage rates stayed around the same this week. The 30-year, fixed-rate mortgage for last week averaged 4.51%, up from 3.40% last year, and down 0.2% from the week prior, while the average 15-year, fixed-rate mortgage came in at 3.56% up 0.1% from last week. The chief economist and vice president of Freddie Mac, Frank Nothaft said, “mortgage rates were little changed amid a week of light economic reports.” Additionally, job reports showed a slight improvement, growing by 238,000 from November to December, up from 229,000 in November. More here

Mortgage Rates On The Rise

by Jan Delimont


by Coos Bay Properties
.

According to Freddie Mac’s mortgage survey, the average fixed-rate mortgage is continuing to see a slight increase. Pending home sales jumped 0.2% last month, and consumer confidence also experienced additional growth as 2013 came to a close. 30-year fixed-rate mortgages averaged approximately 4.53%, up from 4.48% last week, and the average 15-year-fixed rate mortgage increased from 3.52% to 3.55%. More here

New Home Sales Decreased From October To November

by Jan Delimont


by Coos Bay Properties
.

New home sales in the U.S. have taken a slight fall, decreasing 2.1% last month and falling from a five-month high. According to the Commerce Department, sales volume decreased to a seasonally-adjusted annual rate of 464,000. Although percentages are down from the previous month, November’s rates still exceeded many expectations and remain near a five-year high. More here

Displaying blog entries 1-10 of 157

Licensed in the State of Oregon

Jan Delimont provides information on real estate and homes for sale
in the Southern Oregon area.

 I list and sell residential real estate including freestanding homes, condominiums and townhomes
as well as investment properties, vacant land and lots for sale in the Southern Oregon real estate area.